DATE: November
20, 2007
TIME: 6:00pm
MEMBERS
PRESENT: Floyd Combes, Larry Hall, Joe
Hermes, Helen Hoppe, Jonathan Mietzner, Frank Studer (6:20pm), Marty Orr
(6:23pm), Russ Gilmour (6:24pm)
ABSENT: None
NON-MEMBERS
PRESENT: Mayor Roy Strong, City
Administrator Sheryl Puracchio, Director of Finance Robin Theobald, Attorney Justin
Fredin, Members of the Press – Pam Monson and Mary Baskerville
Alderman Hermes made a motion and Alderman Comes seconded
to open the meeting at 6:04 p.m. All yes. Motion passed.
DISCUSSION: Minutes
ACTION: Alderman Hoppe made a motion and Alderman Combes seconded
to approve the October 16, 2007 minutes
as written and have them placed on file. All yes. Motion passed.
DISCUSSION: Approval of Financial Reports
ACTION: Alderman
Hermes made a motion and Alderman Mietzner seconded to approve the October 2007 Payables in the amount
of $1,523,432.89 and the October 2007 Collector’s Report in the amount of
$246,203.61. All yes.
Motion passed.
DISCUSSION: Police Pension
ACTION: Robin Theobald explained to the committee she is working on
the 2007 tax levy. She is unable to
obtain an actuary report for the police pension because he is owed two years of
fees. Robin stated that she had faxed
their attorney today requesting payment from the police pension board. At the current time the only thing to base
the levy on is the actuary report from the State. Based on the funding ratio this year the State is requesting the
City to pay $165,207.00. Robin asks the
committee to consider whether or not to levy the exact amount. In the previous years we have levied a
higher amount.
DISCUSSION: Nicolosi Presentation of RidgePort Impact Study
ACTION: Greg Cox of Nicolosi and Associates
presented to the committee the development of the RidgePort Logistics Center,
declaring its intent to finance improvements and conduct a feasibility study
for a tax increment financing (TIF) district to pay for them. The study is expected to be presented to the
members of the council at the December 4, 2007 meeting.
DISCUSSION: Adjourn
ACTION: Alderman
Hermes made a motion and Alderman Combes seconded to adjourn at 6:42 p.m. All
yes. Motion passed.
The
next meeting of this committee is scheduled for Tuesday, December 18, 2007 at
6:30pm.